It seems undeniable that the foreign investors find Spain the ideal country to buy flats. This is evident from the 43,519 deals carried out in our country in the first half of 2016, which was 19.7 per cent more than in the same period of previous year. This data is given by the General Council of Notaries.
Taking into account the total completions of sale made during the first six months of the year, the results reveal that 20.3 per cent of them have been executed by foreign buyers. Surprisingly, this upward trend has been seen since 2007, when the economic crisis erupted.
On the other hand, 50.5 per cent of the purchase transactions were carried out by foreigners without residence in Spain, while those carried out by residents grew by 21 per cent. This growth is higher than that of non-residents, which stands at 18.4 per cent. With the exception of La Rioja, Ceuta and Melilla, all the cities and Spanish autonomous communities showed growth in the number of transactions carried out by foreigners.